Schneider National Inc (SNDR)

Cash ratio

Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019
Cash and cash equivalents US$ in thousands 103,200 67,300 102,400 58,500 249,200 389,800 385,700 349,700 331,000 272,600 244,800 504,200 490,500 472,200 395,500 768,500 713,800 600,600 551,600 437,100
Short-term investments US$ in thousands 54,000 56,900 57,200 56,400 54,800 53,300 45,900 44,600 46,400 48,500 49,300 45,700 49,100 49,400 47,100 45,600 46,800 49,200 48,300 47,400
Total current liabilities US$ in thousands 659,300 743,700 606,200 610,600 594,100 666,500 636,900 734,200 726,100 725,900 690,200 716,000 719,500 667,100 534,600 516,600 482,200 474,600 465,200 698,400
Cash ratio 0.24 0.17 0.26 0.19 0.51 0.66 0.68 0.54 0.52 0.44 0.43 0.77 0.75 0.78 0.83 1.58 1.58 1.37 1.29 0.69

June 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($103,200K + $54,000K) ÷ $659,300K
= 0.24

The cash ratio for Schneider National Inc has varied over the periods provided. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.

Looking at the trend of Schneider National Inc's cash ratio over the periods, we can observe fluctuations in the ratio. The cash ratio was relatively low in the earlier periods, indicating a lower level of cash and cash equivalents compared to short-term liabilities. However, the ratio improved significantly in the later periods, reaching its peak at 1.58 in September 2020 and maintaining a level above 1 in subsequent periods.

The increase in the cash ratio suggests that Schneider National Inc has built up a stronger liquidity position over time, which can be beneficial for meeting short-term financial obligations and unexpected expenses. It indicates that the company has a sufficient amount of cash and cash equivalents to meet its short-term liabilities comfortably.

Overall, the trend of Schneider National Inc's cash ratio shows an improvement in its liquidity position and ability to cover short-term obligations with cash on hand.